Former SVB CEO says rate hikes, withdrawals sank bank Greg Becker, the former CEO of failed lender Silicon Valley Bank, has apologised in congressional testimony for its "devastating" collapse while citing rising interest rates … Business • 16 May
JPMorgan profit surges 52% on robust consumer business JPMorgan Chase & Co's profit climbed in the first quarter as higher interest rates boosted its consumer business in a period that saw two of … Business • 14 Apr
Do not panic about US banking industry - Buffett Warren Buffett today said people should not be panicked about the banking industry or the safety of US bank deposits, despite the recent failures of … Business • 12 Apr
Outlook for European banks still cloudy as storm abates European banking stocks were meant to shine in 2023, but after a two-week storm which had analysts and investors rushing to rework their spreadsheets, the … Business • 31 Mar
US regulator probes First Republic insiders stock sales Massachusetts regulators have opened an investigation into sales of company stock by top executives at First Republic Bank in the weeks leading up to the … Business • 31 Mar
Cautious calm returns to bank stocks after SVB collapse Battered Japanese bank stocks clawed back some of their heavy losses today, as regulators and financial executives hosed down investor concerns about contagion after the … Business • 15 Mar
Signature Bank next casualty of bank turmoil after SVB State regulators closed New York-based Signature Bank yesterday, the third largest failure in US banking history, two days after authorities shut down Silicon Valley Bank … Business • 13 Mar
US acts to shore up banking system confidence US authorities launched emergency measures yesterday to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a … Business • 13 Mar
